PENGU Token Plummets 14% in 24 Hours Amid Crypto Sell-Off

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

TOKEN-1.74%

PENGU-2.052%

ALT-8.454%

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Market Sentiment Impact: The PENGU token fell approximately 14% over the past 24 hours, making it one of the steepest decliners among the top 100 cryptocurrencies, reflecting heightened investor aversion to high-risk digital assets amid a broader market downturn.
Surge in Trading Volume: Despite the price drop, PENGU's trading volume remained elevated, indicating active repositioning by market participants rather than thin liquidity, suggesting potential short-term panic selling or leveraged liquidations.
Support Level Watch: Traders are closely monitoring whether PENGU can maintain support around the $0.0080 level; a sustained move below this threshold could expose the token to additional downside risk, impacting investor confidence.
Overall Market Trend: With major cryptocurrencies like Bitcoin and Ethereum experiencing declines, the total cryptocurrency market capitalization dropped by roughly 3% in 24 hours, exacerbating selling pressure on smaller and community-driven tokens like PENGU.

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Technical Analysis for TOKEN

Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

TokenFi (TOKEN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.002	0.00236	0.00269	0.00305	0.00338	0.00374	0.00407
Fibonacci	0.00236	0.00262	0.00279	0.00305	0.00332	0.00348	0.00374

About TOKEN

TokenFi aims to simplify the crypto and asset tokenization process and eventually become the foremost tokenization platform in the world.The tokenization industry is projected to be a $16 trillion industry by the year 2030. BlackRock, the world’s biggest institutional investor with $10 trillion of assets under management, strongly believes in the industry’s potential, which they call 'the next evolution in markets”.TokenFi is launched by the highly experienced and connected Floki team that launched the popular Floki token that went to an ATH valuation of $3.5 billion. They will be leveraging this same experience to make TokenFi the number one tokenization platform in the industry.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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